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        Direct Taxes

        Para 11 - Payment Options

        Sovereign Gold Bond Scheme 2020-21 (From Series VII)

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        Payment Options for Sovereign Gold Bonds allow INR payments by cash, cheque, demand draft or electronic banking. Payment for subscription to the Sovereign Gold Bond Scheme 2020-21 must be made in Indian Rupees by cash (subject to a prescribed cash payment limit), demand draft, cheque, or electronic banking; cheque or demand draft must be drawn in favour of the receiving office.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Payment Options for Sovereign Gold Bonds allow INR payments by cash, cheque, demand draft or electronic banking.

                                Payment for subscription to the Sovereign Gold Bond Scheme 2020-21 must be made in Indian Rupees by cash (subject to a prescribed cash payment limit), demand draft, cheque, or electronic banking; cheque or demand draft must be drawn in favour of the receiving office.


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